Nautilus 2000 Annual Report Download - page 54

c. Merchant. Merchant agrees to pay Household the following fees and discounts (some of which are more fully described in this Agreement):
(i)" Credit Promotion Discount Fee ": Household shall make certain deferred payment and/or deferred interest credit promotion ("Credit
Promotions") available to Merchant. Each Sales Slip generated pursuant to each credit promotion shall be subject to a Credit
Promotion discount fee as set forth herein which is a designated percentage of the amount of each Sales slip accepted and funded by
Household. Each Sales Slip generated pursuant to non-promotional Card Sale shall be subject to a non-promotional discount fee also
as set forth herein which is a designated percentage of the amount of each Sales Slip accepted and funded by Household. The Credit
Promotion and non-promotional discount fees shall be collectively referred to as the "Discount Fees".
The Credit Promotions and Discount Fees available as of the date of this Agreement are listed below:
Promotional Period Promotional Type Discount Fee
Regular Sale Non-Promotional Card Sale .15 %
3 Months Same As Cash W/O Payment 2.66 %
6 Months Same As Cash W/Payment 5.18 %
7 Months Same As Cash W/Payment 6.21 %
8 Months Same As Cash W/Payment 7.10 %
9 Months Same As Cash W/Payment 7.99 %
10 Months Same As Cash W/Payment 8.88 %
11 Months Same As Cash W/Payment 9.76 %
12 Months Same As Cash W/Payment 10.65 %
(ii)" Start-up Fee ": $0.00.
(iii)" Forms Fee ": $0.00.
d. Acceptance, Offset& Funding. Subject to the terms, conditions, warranties and representations in this Agreement and provided that Merchant
has satisfied all of the conditions set forth in this Agreement, including, without limitation, Sections 4, 5, 6 and 7 , Household agrees to pay to
Merchant the amount of each valid and authorized Sales Slip presented to Household during the term of this Agreement, less the amount of the
fees, charges, and Discounts described above in this Section, outstanding Account balances for Sales Slips subject to Chargeback,
reimbursements, refunds, customer credits and any other amounts owed to Household under this Agreement by Merchant. Household may also
offset or recoup said amounts from future amounts owed to Merchant under this Agreement. Any amounts owed by Merchant to Household
which cannot be paid by the aforesaid means shall be due and payable by Merchant on demand. Any payment made by Household to Merchant
shall not be final but shall be subject to subsequent review and verification by Household. Household's liability to Merchant with respect to the
funding of any Card Sale, Sales Slip or Credit Slip shall not exceed the amount on the Sales Slip or Credit Slip in connection with such
transaction. In no event shall Household be liable for incidental or consequential damages.
e. Funding. Funding of Sales Slips by Household to Merchant shall be made to Merchant's account at a bank designated by Merchant.
Household will use its best efforts to make such payments on the first Business Day after receipt, verification and processing by Household of
the transmission of the transaction data, if such transmission is received by 7:30 am Central Standard Time; if received later than 7:30 am
Central Standard Time, then on the second Business Day after said transmission, however, in no event shall such payments be made later than
the third Business Day after receipt of said transmission by Household.
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2002. EDGAR Online, Inc.